SAN FRANCISCO, July 6 /PRNewswire-FirstCall/ -- Luminent Mortgage Capital, Inc. today announced it will release its results of operations for the second quarter of 2007 on Thursday, August 9, 2007.
Luminent will also hold a conference call on Thursday, August 9, 2007, at 10:00 a.m. PDT to discuss its second quarter of 2007 results of operations. S. Trezevant Moore, Jr., Luminent's Chief Executive Officer, will host the conference call.
The dial-in number is 1-800-299-7635 and the passcode is 11288582. A replay of the call will be available through August 16, 2007. The replay number is 1-888-286-8010 and the passcode is 21771288. The international dial-in number is 1-617-786-2901 and the passcode is 11288582. The international replay number is 1-617-801-6888 and the passcode is 21771288.
The call will also be webcast and can be accessed at Luminent's website at http://www.luminentcapital.com/ or through CCBN's individual investor center at http://www.earnings.com/.
Luminent was formed in April 2003, completed its initial public offering in December 2003 and trades on the New York Stock Exchange under the ticker "LUM." Luminent is organized and conducts its operations so as to qualify as a real estate investment trust for federal income tax purposes. Luminent's principal activity is to invest in mortgage-backed securities and loans, thereby providing capital to the single family residential housing market.
This news release and Luminent's filings with the Securities and Exchange Commission contain forward-looking statements that predict or describe future events or trends. The matters described in these forward-looking statements are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond Luminent's control and are based on the information currently available to Luminent's management. Luminent faces many risks that could cause its actual performance to differ materially from the results expressed or implied by its forward-looking statements, including, without limitation, the possibilities that interest rates may change, that principal payment rates may change, that mortgage-backed securities or mortgage loans may not be available for purchase on favorable terms, that borrowings to finance the purchase of assets may not be available on favorable terms, that Luminent may not be able to maintain its dividend or the yield on its common stock, that Luminent may not be able to maintain its qualification as a REIT for federal income tax purposes, that Luminent may experience the risks associated with investing in real estate, including changes in business conditions and the general economy, that Luminent's recently adopted business strategy to purchase mortgage loans for securitization may not be successful, and that Luminent's strategies may not be effective (including portfolio management and hedging strategies and strategy to protect net interest spreads). Luminent's filings with the Securities and Exchange Commission contain a more complete description of these and many other risks to which Luminent is subject. Because of those risks, Luminent's actual results, performance or financial condition may differ materially from the results, performance or financial condition contemplated by its forward-looking statements. The information set forth in this news release represents management's current expectations and intentions. Luminent assumes no responsibility to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.
